- United Capital Financial Advisors LLC decreased its position in Live Nation Entertainment, Inc. (LYV) by 10.4% during the fourth quarter.
- The firm owned 2,260 shares of the company’s stock after selling 262 shares during the quarter.
- United Capital Financial Advisors LLC’s holdings in Live Nation Entertainment were worth $293,000 as of its most recent SEC filing.
Other Large Investors Also Made Moves in Live Nation Entertainment
- Dodge & Cox acquired a new position in Live Nation Entertainment during the 4th quarter worth about $906,000.
- Jump Financial LLC purchased a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $1,173,000.
- Canada Post Corp Registered Pension Plan acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $305,000.
- Mariner LLC increased its stake in Live Nation Entertainment by 8.3% during the 4th quarter.
- Mariner LLC now owns 10,953 shares of the company’s stock worth $1,418,000 after buying an additional 844 shares during the period.
- Independent Franchise Partners LLP lifted its holdings in Live Nation Entertainment by 207.6% during the 4th quarter.
- Independent Franchise Partners LLP now owns 4,693,986 shares of the company’s stock worth $607,871,000 after buying an additional 3,168,210 shares in the last quarter.
Analyst Upgrades and Downgrades
| Analyst | Target Price | Rating |
| Macquarie | $165.00 | Outperform |
| Benchmark | $178.00 | Buy |
| Morgan Stanley | $170.00 | Overweight |
| Roth Mkm | $174.00 | Buy |
| The Goldman Sachs Group | $166.00 | Buy |
Live Nation Entertainment Price Performance
| Market Capitalization | $28.86 billion |
| PE Ratio | 45.47 |
| Price-to-Earnings-Growth Ratio | 1.81 |
Live Nation Entertainment Earnings Results
Live Nation Entertainment last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49.
Insider Transactions at Live Nation Entertainment
In other news, EVP Michael Rowles sold 63,136 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40.
Company Profile
Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.
Additional Insights
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